ERIC Number: ED405057
Record Type: Non-Journal
Publication Date: 1995-Aug
Reference Count: N/A
The Economic Impact of Johnson County Community College on Johnson County, 1993-94.
Johnson County Community Coll., Overland Park, KS. Office of Institutional Research.
In 1995, Johnson County Community College (JCCC), in Kansas, conducted a study to estimate the economic benefit contributed by the college to the Johnson County economy for 1993-94. Following a model developed by J. G. Ryan, direct economic impact was assessed by examining institutional expenditures, expenditures by college employees, and expenditures by JCCC students in Johnson County. In addition, indirect economic impact was assessed through the use of a mathematical multiplier applied to the direct impact indicators to account for additional business volume generated through re-spending of the direct expenditures. Results of the study included the following: (1) the direct economic impact from the institution, employees, and students amounted to $64,809,383; (2) indirect economic impact determined through the multiplier was calculated at an additional $64,809,383, resulting in a total tangible economic impact of $129,618,766; (3) in 1993-94, JCCC employed 735 full-time individuals, while an additional 4,536 full-time jobs in the County were attributed to college's economic impact; (4) total taxpayer investment in JCCC in 1993-94 fiscal year was $43,542,194; and (5) for every dollar spent by taxpayers in support of JCCC, $2.98 was returned to the local economy, a return investment of nearly 3 to 1. (HAA)
Publication Type: Reports - Research
Education Level: N/A
Authoring Institution: Johnson County Community Coll., Overland Park, KS. Office of Institutional Research.